President Donald Trump imposed a tariff of 10% on all imports as a baseline, and additional, reciprocal levies on nations like China. His effort is intended to restructure the imbalance of trade that now exists in the world that have put American companies and workers at a disadvantage.
Declaring foreign trade and economic practices a national emergency, Trump ordered that on April 5, the 10% tariff will be imposed. Then on April 9, a higher tariff will be applied to imports from countries with which the United States has the largest trade deficits. The tariffs will remain in place until Trump determines that nonreciprocal trade arrangements and other unfair practices have been addressed.
The trade deficit was $1.2 trillion in 2024. The tariffs are in response to the economic and trade policies of other nations, which include devaluing their currencies and imposing high taxes on American goods.
Trump held up a chart during the outdoor announcement at the White House that shows how the United States has one of the lowest average tariff rates globally, while major trading partners impose massive tariffs on American goods. India imposes 52%, China imposes 67%, and the European Union imposes 39% on American goods. In addition, counterfeit goods, pirated software and stolen trade secrets by communist regimes like China cost the US economy between $225 billion and $699 billion a year.
Trump’s tariffs on China will amount to 54%, as part the additional “reciprocal” levies on “nations that treat us badly.”
Additional tariffs, such as a 25% tariff on all foreign-made and imported auto that takes place at midnight, be rolled out over the coming days.
“Jobs and factories will come roaring back into our country,” Trump said. “This will indeed be the golden age of America.”
Spared from the tariffs are some metals. Steel, copper, gold, and aluminum imports already have a 25% duty on them and won’t be subject to higher reciprocal tariffs. Also exempt from the additional reciprocal tariffs are pharmaceuticals, semiconductors, and lumber articles.
The White House fact sheet can be read here.
Thank you! President Trump you are a life saver and a country saver for the USA!!
It will be interesting to see how long the MAGA cult continues sticks with Trump as they watch the price of everything they buy go up, the value of their retirement accounts go down, and the whole country slide into recession. I mean, we all know that MAGA will double down, but how long will it be before they break? Musk is already under the bus. It didn’t need to be this way, folks. But you voted for him.
We are watching with great anticipation, and will relish watching it when it happens.
You aren’t really much on economics, are you, dog? We have already been paying high prices for imports, and we haven’t been selling our products because of the tariffs. Now that things have evened up, it will pay for companies to bring home their production plants, employing more Americans and securing our supply chains. But I suppose that will cut off some money to your fellow travelers in communist countries, so I guess I should feel sorry for you.
They will never break from Trump. He could deport their grandchildren and flush away their retirement savings but they will always come back to “I loved him on “The Apprentice” talking down to minorities!”
You will “relish watching it when it happens”? I knew you were a leftist Democrat but that is a new low in nastiness. My dad used to call someone like you a ****stirrer. Sorry, not sorry…
Madam, it’s your man DJT that is doing the stirring. You won’t like what’s coming. Admit it.
At times like these you realize that you truly can’t fix MAGA stupid. But it’s about to hit them hard.
Oh Whidbey, how pleasantly naive you are. Trumpers will never admit they were wrong! They are far too indoctrinated. Nice thought though.
I prefer to think I’m optimistic, but sadly you’re probably right that naive is a better characterization.
The extent to which humans are capable of self-delusion, simply to avoid exposing their gullibility, astounds. Even self harm doesn’t seem to deter them.
Whidbey,
Actively rooting against your own country, that’s a new low for you but considering the spiral you’ve been on it’s not surprising.
We have enough cheap Chinese knockoff goods in this country, if people don’t want to pay the tariffs they can buy quality American made goods. Sure it’s going to impact Walmart, but that’s not necessarily a bad thing is it? Returning good paying jobs to American soil while trying to get some economic balance on tariffs imposed by other countries is the hill the Democratic Party plans to die on?
Sorry, mate. It’s seeing the MAGA cult finally throw their Lord and Savior Donald J Trump under the bus that I’m rooting for, not the unnecessary, wanton destruction of the US economy.
My mid-career kids are now fearful of losing their jobs, and my beautiful granddaughter will suffer as a result. Why shouldn’t I be pi*sed?
Watch the markets today and see how happy Americans are with MAGAnomics.
You can’t tariff yourself to prosperity. Only solid R+D that creates the next wave of innovation can because technology eventually leaks out and proliferates, copied by others. Economic isolation is a fool’s errand.
Among the other things you don’t understand is the art of negotiation. Tariffs are an attention getting step, similar to the 2×4 between the eyes used by old time mule trainers. Now that Trump has their attention, I expect we will see some movement. Cheers –
Dog, are you by any chance watching CNN? All of these countries are taking all of our $$$$. They are making everything that you pick up in all of the stores. Bring the jobs back to AMERICA!!! And then they can buy our products. And make our country grow. Not theirs. Got it? Or do I need more crayons?
Note how Russia and Hungary are notably not on the tariff list. Speaks volumes.
I’d say do unto other countries as they are doing to us in the trade of goods and one-sided tariffs on our goods in their markets.
Israel has already dropped their tariffs on US products, others will soon follow. Go Maga, Go Maha, Go Doge
Seems the price of everything already went up pretty drastically under Biden.
“…….It will be interesting to see how long the MAGA cult continues sticks with Trump……..”
While not considering myself a MAGA person, that answer for me is really simple:
As long as he runs against Democrats, he’ll get my vote. As sad as it is to write, and as disgusted as I am with several of his acts in the past two months, I’d cast my vote for him again simply because his opponents over the past eight years are completely unacceptable. I’ve picked my poison, and while I’m getting pretty sick, the Democrat poison is definitely more deadly.
Maybe he should bring Hulk Hogan in for tariff policy since Kid Rock clearly isn’t the economics genius we expected.
Tough talking Ontario Premier Doug Ford has once again tucked tail and is now calling for Canada to drop all tariffs against the US.
Tough guy Doug said “we’d be willing to take those off tomorrow if he took all the tariffs off.” When asked about removing ALL Canadian tariffs off Tough talking Doug said “We will take them all—that’s right—” and followed up with “we’re willing to take these tariffs off, like, in the next minute if he said he’s taking their tariffs off.” Then he stammered on and said “I had a conversation with the Prime Minister this morning, and I can tell you one thing—if he dropped all the tariffs, we’d have zero tariffs.”
‘https://www.realclearpolitics.com/video/2025/04/02/ontario_leader_doug_ford_were_ready_to_take_down_all_tariffs_if_us_does_the_same.html
Dog, I would encourage you to revisit the last 8 years and tell me how Biden was better; please leave off your rose colored glasses and leftist journalism during this assesment.
There was more politically fattened pockets on both sides and Americans abandoned, as well as fattened pockets.
I taught my children to vote what’s best for our nation and not you personally.
You shouldn’t have been dating Trump or Biden, just looking for the best President.You are truly as naive as they come. You continue to spew venom quicker than a rattlesnake. It’s folks like you that I won’t defend when the enemy comes knocking at your door. If you’re so smart, walk away from your parents generation of CBS, NBC, ABC, CNN news. They’ve been fed malarky and are so naive to believe it, that you fell into that same trap.
One nation that did not appear on Trump’s list of 180 countries subject to tariffs is Russia. With Trump, it is always Russia, Russia, Russia. Also missing from the list is Hungary—ruled by Trump’s role-model autocrat, Viktor Orbán. Funny, that.
Krasnov, indeed.
Looks like a buying opportunity to me. Pouring money into the brokerage on the cheap.